PulteGroup, Inc. (NYSE:PHM) Receives Average Recommendation of “Moderate Buy” from Brokerages

PulteGroup, Inc. (NYSE:PHM) has earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $142.7143.

Several equities analysts have issued reports on PHM shares. UBS Group restated a “buy” rating on shares of PulteGroup in a research note on Thursday, March 12th. Royal Bank Of Canada boosted their price objective on shares of PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Truist Financial started coverage on shares of PulteGroup in a research report on Wednesday, March 4th. They set a “buy” rating and a $170.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of PulteGroup from $132.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Wall Street Zen raised shares of PulteGroup from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th.

Insider Buying and Selling

In related news, EVP Todd N. Sheldon sold 14,220 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the completion of the sale, the executive vice president owned 69,753 shares in the company, valued at approximately $9,417,352.53. This represents a 16.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brien P. O’meara sold 4,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the transaction, the vice president directly owned 8,601 shares in the company, valued at approximately $1,165,521.51. This represents a 31.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,952 shares of company stock valued at $20,162,165 over the last ninety days. 0.76% of the stock is owned by insiders.

Hedge Funds Weigh In On PulteGroup

Institutional investors have recently made changes to their positions in the business. Rachor Investment Advisory Services LLC bought a new stake in PulteGroup during the fourth quarter valued at approximately $31,000. Private Wealth Management Group LLC increased its holdings in PulteGroup by 281.7% during the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after buying an additional 200 shares during the last quarter. DV Equities LLC bought a new position in PulteGroup in the fourth quarter worth approximately $32,000. Lloyd Advisory Services LLC. purchased a new position in shares of PulteGroup during the 4th quarter worth $33,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of PulteGroup during the 2nd quarter worth $32,000. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Up 0.6%

PulteGroup stock opened at $117.75 on Friday. PulteGroup has a one year low of $88.07 and a one year high of $144.49. The business’s fifty day moving average is $131.02 and its 200 day moving average is $127.17. The stock has a market capitalization of $22.56 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.36 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.